Hospitality and Restaurant

We maintain affiliate offices in the Washington, D.C. area and Boca Raton, Florida devoted to the hospitality, recreation and tourism industries. Our hospitality group offers the combination of hands-on hotel operations and marketing experience, financial analysis and valuation skills, and an outstanding reputation among owners, operators and lenders for reaching independent and well-supported conclusions.

We offer a wide range of consulting services encompassing all areas of the industry, from hotels and resorts to health clubs and golf courses.

  • Market Research
  • Valuation Studies and Appraisals
  • Operational Reviews
  • Strategic Planning
  • Facilities Planning and Recommendations
  • Tourism Development Strategies
  • Feasibility Studies
  • Impact Analyses
  • Repositioning Studies
  • Site Selection and Analysis
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BerryHill

We maintain a similar affiliation with experts in the food and beverage industries, offering a full menu of services focusing on every aspect of the life cycle of restaurants, from market studies and business planning to assistance with operations, lease and sale negotiations and expert testimony.

Representative engagements include:

  • Appraisal of the Berry Hill Plantation in South Boston, VA, Equinox Resort, a Marriott-operated conference center on 702 acres.
  • Retrospective valuation of a restaurant and catering business that was destroyed by fire, to settle liability and insurance claims.
  • Appraisal and consulting engagement for the Sandals White-house Resort, a 360-room resort and spa on the south coast of Jamaica, to assist with renegotiating a ground lease.
  • Appraisal of The Tides Inn and Resort, Irvington, VA, a 106-room inn with par-3 golf course, spa and marina, in the Northern Neck of Virginia.
  • Consulting and appraisals for timeshare properties
  • Appraisal of catering facility outside of Philadelphia, in conjunction with the planned addition of a 100-room hotel.

New South Ocean Redevelopment, New Providence Island, Bahamas

Highest and best use analysis and valuation of a 383-acre tract in the southeast corner of New Providence Island, Bahamas, with existing Greg Norman golf course as well as a resort that had been closed for 10 years.

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radisson-water

Radisson Harbour Inn and TGI Friday’s in Sandusky, Ohio

A waterfront hotel along Lake Erie, this facility included 237 rooms, two restaurants, cocktail bar, meeting and banquet facilities, indoor and outdoor pools/linked via covered walkways to T.G.I. Friday’s on an adjoining property. These facilities were included in the appraisal of Cedar Point Park,a 360-acre amusement and waterpark with two additional hotels, several restaurants and a marina.